Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


CSCC Hosts Make A Difference Now Volunteer Expo

The Department of Service-Learning at Cleveland State Community College and GRAAB Coalition (Going Respectively Against Addictive Behaviors) will be co-sponsoring a Volunteer Expo on Wednesday, Sept. 10 from 10 a.m.- 2 p.m. in the L. Quentin Lane Gymnasium on Cleveland State’s campus. “This is a terrific opportunity for our students to volunteer to apply what they are learning ... (click for more)

Bachman Academy Opens Fall Semester With Upgrades

The Bachman Academy staff has welcomed the return of its middle and high school students who have been diagnosed with learning differences, to the campus. Teeming from nine different states and three international destinations, the students arrived with their friends and families excited to identify their new dorm rooms, reminiscent of 15 years ago when Bachman Academy first began ... (click for more)

General Motors To Invest $185 Million In Engine Plant, Build New Cadillac SRX In Spring Hill

General Motors will invest $185 million to make small gas engines at its Spring Hill manufacturing complex, officials said Wednesday.  GM also identified the next-generation Cadillac SRX as a future mid-size vehicle to be produced at Spring Hill. “We want to congratulate GM on this important investment in its future in Spring Hill and Middle Tennessee,” Governor Bill Haslam ... (click for more)

Reception Honors County's 2nd-Longest Serving Employee

General Sessions Court Judge Clarence Shattuck, at a County Courthouse reception, asked anyone who was working at the courthouse in 1966 to raise their hand. Only Circuit Court Clerk Paula Thompson was able to do so. Judge Shattuck said he believes only Edna Camp of the Criminal Court clerk's office, has been at the courthouse longer. Ms. Thompson did not seek re-election, ... (click for more)

Vote No On Health Insurance Changes Affecting County Teachers

Our Hamilton County School Board will vote on insurance changes effecting both active employees and retirees, who are not on Medicare at this time.  HCEA strongly objects to changes being made at this time and urges a “No” vote.  Insurance had been frozen three years by negotiations.  Since the Educators Professional Negotiations Act was nullified by the 2011 Legislature, ... (click for more)

Roy Exum: Al Sharpton’s Wise Remarks

I’ll admit I paid little more than scant attention to the Monday funeral of Michael Brown, the 18-year-old who was shot and killed by police bullets in Ferguson, Mo., after he allegedly was involved in strong-armed robbery. There are too many tawdry details and, in my way of thinking, there is nothing under God’s sun, absolutely nothing, that gives others the right to riot, burn ... (click for more)